1.   S.13 Amdt.
Pre-incorporation contract

        2.   S.35 Amdt.
Member right to withdraw deposits

        3.   S.72 Amdt.
Ceasing to hold office

        4.   S.74 Amdt.
Reasons

        5.   S.83.1 Amdt.
Disclosure of interest in material contract

        6.   S.87 Amdt.
Dissent

        7.   S.88 Amdt.
Indemnification

        8.   S.99 Amdt.
Examinations by auditor

        9.   S.104 Amdt.
Duty of auditor

      10.   S.136 Amdt.
Powers

      11.   S.138 Amdt.
Officers

      12.   S.142 Amdt.

              Quorum

      13.   S.143 Amdt.
By-laws

      14.   S.151 R&S

              Fiscal year

      15.   S.151.1 Added

              Annual budget

      16.   S.191 Amdt.
Superintendent

      17.   S.193 Amdt.
Regulations

Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

SNL2009 cC-37.2
as amended

        1. Subsection 13(3) of the Credit Union Act, 2009 is amended by deleting the words "he or she" and substituting the words "the judge".

 

        2. Subsection 35(1) of the Act is amended by deleting the words "his or her" and substituting the words "the member's".

 

        3. Subsection 72(1) of the Act is amended by deleting the words "he or she" and substituting the words "the director".

 

        4. Subsection 74(2) of the Act is amended by deleting the words "he or she" and substituting the words "the director".

 

        5. Section 83.1 of the Act is amended by deleting the words "his or her" and substituting the words "the director's or officer's".

 

        6. (1) Section 87 of the Act is amended by deleting the words "his or her" wherever they appear and substituting the words "the director's".

             (2)  Paragraph 87(4)(b) of the Act is amended by deleting the words "him or her" and substituting the words "the person".

 

        7. (1) Subsection 88(1) of the Act is amended by

             (a)  deleting the words "his or her" and substituting the words "the director's, officer's, acting director's or acting officer's";

             (b)  deleting the words "him or her" and substituting the words "the director, officer, acting director or acting officer"; and

             (c)  deleting the words "he or she" and substituting the words "the director, officer, acting director or acting officer".

             (2)  Paragraph 88(3)(b) of the Act is amended by deleting the words "he or she" and substituting the words "the person".

 

        8. Subsection 99(1) of the Act is amended by

             (a)  deleting the words "he or she" and substituting the words "the auditor"; and

             (b)  deleting the words "him or her" and substituting the words "the auditor".

 

        9. Subsection 104(4) of the Act is amended by deleting the words "he or she" and substituting the words "the auditor".

 

      10. Section 136 of the Act is amended by renumbering it as subsection 136(1) and adding immediately after that subsection the following:

             (2)  Notwithstanding paragraph (1)(n), the policies and guidelines established by Treasury Board shall apply to all employees engaged by the board.

 

      11. Section 138 of the Act is amended by adding immediately after subsection (2) the following:

         (2.1)  The policies and guidelines established by Treasury Board shall apply to all officers and committees appointed in accordance with subsection (2).

 

      12. Subsection 142(1) of the Act is repealed and the following substituted:

Quorum

   142. (1) The quorum of the board shall be determined in accordance with the regulations.

 

      13. Paragraph 143(2)(b) of the Act is repealed and the following substituted:

             (b)  respecting the functions and duties of the officers and agents of the guarantee corporation;

 

      14. Section 151 of the Act is repealed and the following substituted:

Fiscal year

   151. (1) The fiscal year of the guarantee corporation ends on March 31 in each year.

             (2)  Notwithstanding subsection (1), the fiscal year 2023 shall commence on January 1, 2022 and end on March 31, 2023.

 

      15. The Act is amended by adding immediately after section 151 the following:

Annual budget

151.1 (1) The board shall submit its annual budget to the minister for approval no later than the date set by the minister.

             (2)  Notwithstanding subsection (1), the board's budget for the period January 1, 2023 to March 31, 2023 shall be approved at 25% of the total approved budgeted expenditures for the period January 1, 2022 to December 31, 2022.

 

      16. Subsection 191(1) of the Act is amended by deleting the words "his or her" and substituting the words "the superintendent's".

 

      17. (1) Paragraph 193(w.1) of the Act is amended by deleting the words "his or her" and substituting the words "the director's or officer's".

             (2)  Paragraph 193(bb.1) of the Act is amended by deleting the words "his or her" and substituting the words "the director's or officer's".

             (3)  Section 193 of the Act is amended by adding immediately after paragraph (ff.1) the following:

        (ff.2)  respecting the quorum of the board;

©King's Printer